The deals cited by CIMB in its affidavit involved Hontop buying cargoes from Sugih Energy International Pte Ltd, now known as Aeturnum Energy International Pte Ltd, and telling CIMB it was reselling them to BP Singapore Pte Ltd (BPS), a unit of BP. Focus Law Asia LLC, representing Aeternum Energy, confirmed the transactions with Hontop. BP did not specify what the agreement was about or say why it was meant to receive a payment from Hontop. 5, BP told CIMB in January that it did not enter into any contracts relating to this cargo. 5's owner U-Ming Marine and ship manager Global Energy Maritme Co Ltd did not immediately respond to a request for comment.

Source: International New York Times July 04, 2020 23:03 UTC